I’m currently operating in South Georgia market. 

It does not matter if you find the single best market in the US.

how is rental market in that area these days? 

Most of the ones I bought had existing tenants and almost all were paying below market rents and way below market rents.

Here are the markets I’m exploring:St.

For me, the first pass at underwriting is simply about determining if a deal is worth exploring further.In the current market, I’d say 9 out of 10 deals are dead on arrival.

Which market do you have experience in and how is your experience working remotely with your real estate team in the area?  

I know i built 4 in the Ocala market and permits were very long year or more very frustrating .. 

I looked into this at more than one occasion, because Milwaukee has such an old housing stock, everything is 60-120 years old.Most of the new apartments we see are 4 and 5 star developments with very high rents, this allows to offset the high cost of construction a little better.

It’s a market where cash flow is achievable without needing a massive upfront investment.